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Bangalore Milk Union Ltd president D K Suresh on Saturday claimed that e-commerce giant Flipkart is selling milk for Re 1 through "investor-funded discount campaigns", accusing it of undermining the dignity of farmers and the cooperative movement built over decades. He has lodged a complaint against Flipkart before the Competition Commission of India (CCI) and also written an email to Prime Minister Narendra Modi seeking investigation into "predatory pricing" of milk by the quick commerce platform and its impact on dairy farmers and cooperative institutions. However, Flipkart said in a statement that it periodically runs limited promotional campaigns on select products available on the platform, often in partnership with banking partners, to enhance customer value. "Prices of products on the Flipkart marketplace are determined by individual sellers. All dairy partners and sellers continue to receive their full agreed price for the products they supply, and farmer procurement prices
E-commerce major Flipkart on Monday announced the appointment of Vipin Kapooria as Vice President, Business Finance, and Yogita Shanbhag as Vice President, Human Resources, effective immediately. These appointments come shortly after a series of high-profile hires at the IPO-bound company in the past month. Kapooria, who is rejoining Flipkart, will lead business finance across all categories. He comes with over 19 years of experience and was most recently the Chief Financial Officer at Blinkit. He has also held senior positions at OYO and Yum! Brands. In his new role, Kapooria will partner with business teams to drive financial discipline, operational excellence, and sustainable growth, the company said in a statement. Shanbhag will lead the HR function for Flipkart's technology vertical, OneTech Business Unit. She joins with over 20 years of experience at Juniper Networks and Wipro. "Building a strong organisation requires sustained focus on leadership, robust systems, and cultur
Arvind Fashions Ltd on Monday said it will acquire Flipkart group's 31.25 per cent stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore. Arvind Youth Brands Pvt Ltd (AYBPL) is currently engaged in the business of wholesale and retail of apparel and accessories under the brand name 'Flying Machine'. It had a turnover of Rs 432.16 crore in the financial year ended March 31, 2025, the company said in a regulatory filing. Over the last five years Flying machine has re-established as a well-accepted brand on digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brands on digital platforms, catering to the fashion-conscious youth of India, it said in a separate filing. "Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals," Arvind Fashions Ltd (AFL) Managing Director & CEO ...